USDA Secretary Tom Vilsack has assured the biofuels industry that the $700 million package announced in June will be forthcoming. He ascribes the delay to a review by the Office of Management and Budget that has final authority for approval.
It is a matter of record that COVID resulted in reduced demand for vehicle fuel severely impacting the ethanol industry.
In a statement on Thursday September 9th Secretary Vilsack commented, “We are doing the best we can to try to move things forward and hopefully we will get to announce the resources and structure in which we are going to allocate those resources in the very near future.”